Form 990 for tax year 2022
Filed by CLEMSON UNIVERSITY REAL ESTATE FOUNDATION INC.
Totals
- Total revenue
- $5,922
- Total expenses
- $1,327,470
- Contributions and grants received
- $0
- Grants paid
- $1,297,481
- Program service revenue
- $0
- Investment income
- -$167
- Other revenue
- $6,089
- Total assets, end of year
- $1,043,727
- Total liabilities, end of year
- $103,029
- Net assets or fund balances, end of year
- $940,698
- Program services expenses (Part IX)
- $1,327,470
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,327,470
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
7a · Gross sales of assets other than inventory
other assets $1,541,000
-
7b · Less cost or other basis and sales expenses
other assets $1,541,167
-
7c · Gain or loss
other assets -$167
-
7d · Net gain or loss
total -$167 · excluded -$167
-
11a · Other revenue: LIFE ESTATE ACCRETION REVENUE
total $6,089 · excluded $6,089
-
11e · Other revenue, total
$6,089
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,297,481 · program services $1,297,481
-
16 · Occupancy
total $4,900 · program services $4,900
-
23 · Insurance
total $240 · program services $240
-
24a · Other expenses: TAXES & HOA FEES
total $24,849 · program services $24,849
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,500 · end of year $1,560
-
10a · Land, buildings and equipment: cost or other basis
$1,042,167
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $2,499,769 · end of year $1,042,167
-
25 · Other liabilities
beginning of year $240,023 · end of year $103,029
-
28 · Net assets with donor restrictions
beginning of year $2,262,246 · end of year $940,698
Mission and programs · 2022
Mission
THE CLEMSON UNIVERSITY REAL ESTATE FOUNDATION SEEKS TO ACCOMPLISH FOUR GOALS FOR CLEMSON UNIVERSITY: ADVANCE THE UNIVERSITY THROUGH GIFTS OF REAL ESTATE AND PROPERTY; SERVE AS THE EFFICIENT CONDUIT THROUGH WHICH GIFTS OF REAL ESTATE AND PROPERTY ARE RECEIVED AND LIQUIDATED; PARTICIPATE IN THE STEWARDSHIP OF REAL ESTATE IN SUPPORT OF CLEMSON UNIVERSITY; AND ASSIST AND ADVISE ANY COLLEGE OR DEPARTMENT WHICH INCLUDES A CONCENTRATION IN REAL ESTATE AS PART OF ITS ACADEMIC OFFERINGS.
Activities or mission (Part I)
THE CLEMSON UNIVERSITY REAL ESTATE FOUNDATION RECEIVES AND STEWARDS GIFTS OF REAL ESTATE. THE PROCEEDS FROM THE LIQUIDATION OF THESE REAL ESTATE ASSETS ARE DISTRIBUTED TO CLEMSON UNIVERSITY OR THE CLEMSON UNIVERSITY FOUNDATION IN SUPPORT OF THE ORGANIZATION'S MISSION AND THE DONOR'S GIFT PURPOSE.
-
RECEIPT AND SALE OF REAL ESTATE - ACTIVITIES SURROUNDING COLLABORATION WITH THE DEVELOPMENT STAFF AND DONORS IN GIFTS OF REAL ESTATE AND THE SUBSEQUENT MARKETING AND SELLING OF SUCH GIFTS. FURTHER ENSURING THE NET PROCEEDS ARE TRANSFERRED TO THE CLEMSON UNIVERSITY FOUNDATION FOR MANAGEMENT IN SUPPORT OF THE ORGANIZATION'S MISSION AND THE DONOR'S INTENDED PURPOSE.
Expenses $1,327,470 · Grants $1,297,481
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
STEPHEN F HUTCHINSON
CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
CHRISTOPHER J PERRI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 1 related
-
GEORGE J BULLWINKEL III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DAVID E DUKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DANIEL B PATTILLO JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARK S RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
WILLIAM C SMITH JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
F BOGUE WALLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JONATHON P WEITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
APRIL S PURVIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JASON M PRZYBYLA
ASSISTANT SECRETARY/TREASURER
- Total calculated
- $69,592
- From this org
- $0
- From related orgs
- $51,992
- Other
- $17,600
- Hours/week
- 8 + 24.5 related
-
M KAREN MCCAULEY
PRESIDENT & CEO
- Total calculated
- $0
- Hours/week
- 2 + 3 related
-
ALICE C EVATT
TREASURER THRU 4/1/23
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
REGINA STEELE
TREASURER FROM 4/1/23
- Total calculated
- $0
- Hours/week
- 1 + 3 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$1,297,481
TO SUPPORT THE CLEMSON UNIVERSITY FOUNDATION MISSION OF SUPPORTING THE EDUCATIONAL MISSION OF CLEMSON UNIVERSITY
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
170(C)(1) · RESEARCH UNIVERSITY; EDUCATION · SC
-
CLEMSON UNIVERSITY LAND STEWARDSHIP FOUNDATION INC
501(C)(3) · TO RECEIVE, HOLD, DEVELOP, MANAGE, OR SELL REAL ESTATE FOR CLEMSON UNIV. · SC
Directly controlled by CLEMSON UNIVERSITY AND CLEMSON UNIVERSITY FOUNDATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401349349301045
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